Jensen Huang has resigned as Nvidia’s president, CEO and board member, effective immediately, the company announced Thursday. CFO Colette Kress will lead the GPU maker on an interim basis while directors search for a permanent successor. Nvidia did not give a reason for Huang’s departure, which follows reports of alleged extramarital relationships and a separate investigation tied to national-security concerns.
Key takeaways
The abrupt transition puts a new leader in charge of a company central to the AI and PC hardware markets. Nvidia says its operations and product plans will continue without interruption, while allegations about Huang remain claims reported by news outlets—not findings stated in the company’s announcement.
- Kress will serve as interim CEO while continuing as CFO.
- The board will consider internal and external candidates for the permanent role.
- Nvidia says customer commitments and its product roadmap remain on track.
Kress takes the helm during a pivotal period
Kress has been Nvidia’s executive vice president and CFO since 2013, after nearly 25 years in finance roles at technology companies including Cisco and Microsoft. She has regularly represented Nvidia in financial briefings and will retain the CFO position while serving as interim CEO.
The board named Harvey C. Jones its first chair. Jones said the board has confidence in Kress and the existing leadership team, and expects the company’s plans to proceed without interruption. Nvidia’s next scheduled financial update is its third-quarter fiscal 2027 results on November 17.
Allegations and investigations remain unresolved
News reports have linked Huang’s departure to allegations of relationships with two women. The New York Times reported that employees alleged Huang had a relationship with a subordinate, healthcare executive Kimberly Powell; NBC News said it had not independently verified those claims. Separate reports described an investigation into Huang’s relationship with Alice Huang, a businesswoman U.S. intelligence officials reportedly suspected of having ties to Chinese intelligence. The two women are not related.
Nvidia’s announcement did not cite either matter as the reason for the resignation. NBC News reported that Nvidia’s board had begun an independent investigation into the national-security concerns. The allegations should not be treated as established findings, and the available reports leave key details unresolved.
What the change could mean for Nvidia and hardware markets
Huang co-founded Nvidia in 1993 and led its rise into a major supplier of GPUs used in AI systems, data centers and gaming PCs. His departure puts leadership continuity in focus for hardware buyers and the broader technology industry, although Nvidia says its customer commitments and roadmap will continue as planned.
Nvidia shares fell sharply after the news, according to reports. The board’s CEO search and the company’s upcoming earnings update will offer investors and PC-industry watchers early indications of how the transition is unfolding.
Via NVIDIA